Tullow to Launch Secondary Listing and Share Offer

Source: www.gulfoilandgas.com 5/31/2011, Location: Africa

Tullow Oil plc announces its plans for a secondary listing of its shares on the Ghana Stock Exchange (GSE) and an offering of 4,000,000 Tullow shares in Ghana. The offer of Tullow shares on the GSE will give everyone in Ghana the opportunity to apply for shares in Tullow and to share in the future performance of Tullow's operations across its global portfolio of assets. This listing and share offer further demonstrates Tullow's long-term commitment to Ghana. The share price for the offer will be announced on Monday 13 June 2011. Shares can be applied for between 13 June 2011 and 4 July 2011 through Tullow's sponsoring broker, IC Securities (Ghana) Limited or visiting any branch of Standard Chartered or Agricultural Development Bank in Ghana or the office of any of the authorised receiving agents. Tullow expects to publish a prospectus which further describes the secondary listing and share offer under Ghanaian law on 13 June 2011. Any decision to invest in shares which form part of the offer should only be made on the basis of information set out in that prospectus.

Commenting today, Aidan Heavey, Chief Executive, said: "Tullow is fortunate to have played a pivotal role in delivering First Oil from the word-class Jubilee field, offshore Ghana. We would like everyone in Ghana to have the opportunity to invest in the future performance of Tullow, especially as we embark upon further exciting exploration and development activities in Ghana and across our global portfolio. With the support of the Ghana Stock Exchange, the Securities and Exchange Commission and Ghanaian advisers and banks, we are making our shares accessible to anyone in Ghana who wishes to take part in the share offer."


Luxembourg >>  7/4/2022 - Subsea 7 S.A. announced transactions made in accordance with its share repurchase programme during the week commencing 27 June 2022.

Date ...

Malaysia >>  7/4/2022 - Rex International Holding Limited wishes to announce that its wholly owned subsidiary Pantai Rhu Energy Sdn Bhd (“PRE”) has engaged the Carlingford di...

Netherlands/Holland >>  7/4/2022 - Royal Philips has completed the cancellation of 8,758,455 of its shares. The cancelled shares were acquired as part of the EUR 1.5 billion share repur...
Norway >>  7/4/2022 - TECO 2030 ASA leads a consortium with partners Umoe Mandal and BLOM Maritime to develop a hydrogen powered high-speed vessel with zero emissions. The ...

Norway >>  7/4/2022 - Please see below information about transactions made under the share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR).

Date on whi...

Norway >>  7/4/2022 - Bård Olsen, CFO of Magnora ASA, has purchased 24,000 shares in Magnora ASA (“Magnora”) today 4 July 2022 at an average price of NOK 18.2068 per share....

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.